Indusind Bank Limited has informed the Exchange about Credit Rating
INDUSINDBK · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
India Ratings Limited has affirmed IndusInd Bank's credit rating at 'IND AA+', but revised the outlook from Stable to Negative. The earlier Rating Watch with Negative Implications has been removed. The agency flagged concerns including accounting discrepancies totalling INR 49.2 billion reported in FY25, weak internal controls, and franchise stability worries. Profitability is expected to moderate, with return on assets around 1%, compared to the 1.8% average seen in FY23-FY24. The affirmation applies to INR 15 billion of senior unsecured redeemable bonds and INR 40 billion of Basel III Tier 2 bonds.
The rating itself is unchanged, so no immediate rating-driven shock is expected. However, the Negative outlook flags ongoing risk from the accounting issues and weaker earnings, which could weigh on investor sentiment and borrowing costs if not resolved.